Business Highlights
SAN FRANCISCO (AP) — Yahoo stumbled through another rough patch in the third quarter, ramping up the pressure on the slumping internet company to complete its $4.8 billion sale to Verizon Communications.
The results released Tuesday represented Yahoo's first financial update since announcing in late July its deal to sell its digital operations to Verizon.
Google achieves that by pulling together the best features from Apple, Samsung and other phone makers and offering them at prices comparable to iPhones — starting at about $650 for the regular, 5-inch model and $770 for the 5.5-inch "XL" edition.
Surprisingly strong earnings from Netflix, UnitedHealth Group and other companies put investors in a buying mood Tuesday, driving U.S. stocks solidly higher.
Energy stocks also rose as the price of crude oil recovered from an earlier slide.
While the firm's investment banking division reported flat revenue, a reflection of the fact fewer companies did deals in the quarter, Goldman's trading desks and the division where it invests its own money did exceptionally well.
WASHINGTON (AP) — For years, the U.S. housing market looked bleak for young couples hoping to buy their first homes but struggling with high student debt, low pay and meager down-payment savings.
WASHINGTON (AP) — Airlines would be required to refund fees when checked bags are "substantially delayed" under a proposal released Tuesday by the Transportation Department, one of a series of steps the Obama administration says it's taking to boost consumer protections for passengers.
WASHINGTON (AP) — Higher energy costs fueled U.S. consumer prices in September, but overall inflation remained in check as it has for the past several years.
Energy costs surged 2.9 percent in September as oil and gasoline prices rebounded from recent lows.
Inflation has stayed relatively low despite job growth that has brought more workers into the economy.
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